New Delhi: Vijay Mallya, the embattled Businessman, and loan defaulter has been arrested on Tuesday, 18th April by Scotland Yard on an extradition warrant issued by India against him. Now later in the day, he will be produced in front of the Westminster Magistrates’ Court.
British authorities have done their job of informing CBI regarding arrest of 61 years old Mallya. India had set a formal extradition request for Mallya as per the Extradition Treaty amid India and the United Kingdom through a note verbale on February 8.
Meanwhile, India had declared that it has a lawful case against Mallya and maintain that if an extradition application is honoured.
The extradition procedure from the United Kingdom engrosses many steps together with a decision by the magistrate whether to issue a warrant of arrest. In such type of warrant cases, the suspect or culprit is taken under arrest and is produced before the court for the preliminary hearing. After this extradition hearing is followed prior to a concluding result is taken by the secretary of state.
Mallya did the entire blunder and was pursued in courts by the bank. Banks were seeking to recover a big amount of Rs 9,000 crore which was owed by his Kingfisher Airlines. After all this, Mallya moved to Britain in March 2016.
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Regardless of numerous injunctions, he has failed to produce himself before investigators at the Enforcement Directorate in link with a search under the Prevention of Money Laundering Act (PMLA).
Quite surprisingly, he was conditional granted bail within three hours of arrest. Later, he tweeted –
Usual Indian media hype. Extradition hearing in Court started today as expected.
— Vijay Mallya (@TheVijayMallya) April 18, 2017
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